Nestle India500790Fmcg, packaged foods
Nestle shares fell sharply, down about 8%, despite quarterly results being in line with street estimates, as the market had expected a beat
By ScoutQuest · · 1 min read
- Stock decline intraday
- 8 percent
- Expected revenue growth
- over 20 percent
- Other expenses growth
- 32 percent
Heard on business television between 12:28:31 - 12:31:31 IST.
- Nestle's results were in line with street expectations, but after four or five quarters of beating estimates, merely meeting expectations was seen as a negative surprise.
- The stock fell as much as 8% intraday as positions were unwound given the stock does not trade cheap.
- Revenue growth was about 20% as expected, with EBITDA margins improving year-on-year on gross margin gains despite other expenses growing 32%.
- MD and CEO Manish Tiwari flagged rising inflation, particularly food inflation, as a reality, saying the company remains focused on navigating external challenges through innovation and renovation.
- Analyst Mangalam noted the high base from recent quarters' strong growth could reduce optical growth going forward, alongside margin concerns from inflation.
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Source: Live TV News Channel · 15 Oct 2026
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